Realizing Benefits, Developing New Products, Expanding Sales and Reducing Costs Under the Medium-Term Management Plan
First written in FY2017. 5 of 8 entries say "Advanced", first in FY2018-Q1. Latest entry: FY2026.
Taiho Kogyo moved to the "Worse" side of this theme in 2024, 1 year after the typical company in this theme (2023).
13 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「For powertrain components in the existing business, we will improve profitability as a source of future growth investment by raising productivity through development-process reform and digital transformation, shift toward high-value-added businesses, and promote the effective use of global assets.」
The strategy has been restructured from harvesting the results of existing businesses, expanding sales and reducing costs to a combination of structural reform, development-process reform, digital transformation, productivity improvement, higher value added and effective use of global assets. - FY2024ReframedAnnual report
「— Toward sustainable growth — ・Strengthening existing businesses: Maximize our earnings power, on the premise of earning customers’ trust. ・Creating new fields and businesses: Create new products that only Taiho can produce, based on our seeds and fundamental principles.」
The strategy has been restructured from harvesting the results of existing businesses, developing new products, expanding sales and reducing costs to two pillars: improving the profitability of existing powertrain components and creating new fields and businesses. - FY2019AdvancedAnnual report
「In the bearing field, to support future growth in the Chinese market, we installed a Daiho-quality bearing-material production line at WBM in Changzhou and began integrated production together with TCY’s bearing-processing operations in Yantai. TCY’s third plant was completed in October, increasing bearing-processing capacity. In production technology, we are developing a next-generation compact line under the “Smart Line” concept, with process innovation as its theme.」
Activities under the medium-term management plan have progressed to the concrete stages of launching integrated material and processing production in China, completing TCY’s third plant, and developing a next-generation compact line. - FY2018AdvancedAnnual report
「To meet the needs of global customers, we expanded sliding-bearing production lines in the United States and China. In China, we also proceeded with the development of material production lines, bringing us another step closer to integrated production from materials through forming. In the United States, an assembly line for vacuum pumps began operations. In Japan, Daiho Gifu Co., Ltd. completed its third plant, strengthening production capacity.」
The Company gave concrete form to global supply, increased production capacity and product technology innovation under the medium-term management plan through line expansions in the United States and China, the launch of a U.S. line, and completion of Daiho Gifu’s third plant. - FY2018-Q3AdvancedAnnual report
「For the third quarter cumulative period of the current fiscal year, sales increased to ¥85,526 million, driven by expanded sales of bearing products and system products, an increase of ¥4,367 million, or 5.4%, from the same period of the previous fiscal year.」
The Company states that expanded sales of bearing products and system products led to higher revenue for the third quarter cumulative period and quantifies the results of its sales expansion initiatives. - FY2018-Q2AdvancedAnnual report
「As innovation contributing to the global environment, we formed teams by product business, developed a roadmap to achieve world-leading competitiveness, and carried out product development. As a result, we began mass production of vacuum pumps that address negative-pressure issues in fuel-efficient engines, as well as compressor housings.」
Following roadmap development and product development by product-business teams, the Company proceeded to mass production of vacuum pumps and compressor housings. - FY2018-Q1AdvancedAnnual report
「Under the “2016–2018 Medium-Term Management Plan” formulated last fiscal year, we formed teams by business field, developed a roadmap for achieving world-leading competitiveness, and are advancing activities under execution plans.」
The specific means of executing the medium-term management plan include forming teams by business field and developing a roadmap to improve competitiveness. The Company has moved into the activity phase under its execution plans. - FY2017First statedAnnual report
「Under these circumstances, we harnessed the full strength of the Group to harvest the results of various projects, develop new products, expand sales in Japan and overseas, and carry out cost-reduction activities under the “2016–18 Medium-Term Management Plan.”」
The Company lists harvesting project results, new product development, sales expansion in Japan and overseas, and cost reduction as specific activities under the medium-term management plan.